After Reaching 52-Week High, Is Akers Biosciences Inc’s Near-Term Analysis Positive?

 After Reaching 52 Week High, Is Akers Biosciences Inc's Near Term Analysis Positive?

The stock of Akers Biosciences Inc (LON:AKR) hit a new 52-week high and has GBX 219.35 target or 7.00% above today’s GBX 205.00 share price. The 5 months bullish chart indicates low risk for the GBX 11.10 million company. The 1-year high was reported on Dec, 1 by Barchart.com. If the GBX 219.35 price target is reached, the company will be worth GBX 777,000 more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 10.81% or GBX 20 on December 1, hitting GBX 205. About 50,298 shares traded hands or 2537.55% up from the average. Akers Biosciences Inc (LON:AKR) has risen 65.31% since May 4, 2016 and is uptrending. It has outperformed by 59.38% the S&P500.

Another recent and important Akers Biosciences Inc (LON:AKR) news was published by Quotes.Wsj.com which published an article titled: “News Akers Biosciences Inc.AKER” on January 24, 2014.

Akers Biosciences, Inc. develops, manufactures and supplies point-of-care screening and testing products designed to bring health-related information to the patient or clinician. The company has a market cap of 11.10 million GBP. The Company’s product offerings and pipeline products focus on delivering diagnostic assistance in a range of healthcare fields/specialties, including cardiology/emergency medicine, metabolism/nutrition, diabetes, respiratory diseases and infectious diseases detection, as well as for on and off-the-job alcohol safety initiatives. It currently has negative earnings. The Company’s primary focus is the development and sale of disposable diagnostic testing devices that can be performed in minutes, to facilitate time sensitive therapeutic decisions.

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